Insig AI Plc New business win
November 22 2024 - 2:00AM
RNS Regulatory News
RNS Number : 2422N
Insig AI Plc
22 November 2024
The
information contained within this announcement is deemed by the
Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part
of UK domestic law by virtue of the European
Union (Withdrawal) Act 2018. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
22 November
2024
Insig AI plc
("Insig AI", the
"Company" or the "Group")
New business win from existing client
following new product offering in AI solutions
Insig AI plc (AIM:INSG), the data science and
machine learning solutions company serving the asset management
industry, is pleased to announce that a London based alternative
investment manager with in excess of £100 billion of assets under
management has awarded Insig AI with a contract to migrate its data
into the cloud, enabling its data to be machine-readable for
planned and future AI and machine learning applications and
advanced analytics.
The initial contract value is GBP80,000 and is
expected to be completed by 31 January 2025.
Richard
Bernstein, Insig AI's Chief Executive commented:
"In recent months, within the context of growing interest in
AI, we have spent time listening to the requirements of asset
managers. It is clear that nearly all are willing to embrace AI but
lack the in-house expertise to take immediate advantage of what AI
has to offer. This is our data science market opportunity. Today's
win is the first evidence point of our ability to serve this
substantial market where there is a clear business need. I am also
pleased to report that this month has seen a substantial increase
in new business leads and meetings from prospects keen to hear of
our solutions. This augurs well for future new business
wins."
For further information, please visit
www.insg.ai or contact:
Insig AI
plc
Richard Bernstein, CEO
Richard.bernstein@insg.ai
Zeus (Nominated
Adviser & Broker)
David Foreman / James
Hornigold
+44 (0) 203 829 5000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
CNTPPGMCGUPCPPG
Insig Ai (LSE:INSG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Insig Ai (LSE:INSG)
Historical Stock Chart
From Dec 2023 to Dec 2024
